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  While smaller communities across B.C. face declining population numbers, places like Vancouver, Victoria and Nanaimo are the focus of increasing densification and urbanization. Photograph by: DARRYL DYCK , THE CANADIAN PRESS A weak currency and slumping global commodity prices are indirectly contributing to a rush on Lower Mainland real estate. The two forces are aggrava ...

Winning a Vancouver bidding war, lessons from the trenches. In this crazy market it’s not uncommon for there to be 10 competing offers for the house you would like to call home and sadly that’s not likely to change in the near term unless the federal, provincial and municipal governments take coordinated action to slow down foreign investment in the Vancouver real estate market.  So you ask; ...

For thousands of years, savers were paid to deposit money. Over the past few months, that time-honoured practice has been flipped on its head. Around the world, interest rates are going negative. An astounding 27 per cent of the global government bond market is now trading at subzero rates, meaning that investors are effectively having to pay for the privilege of stockpiling wealth. In Euro ...

The five golden rules of home staging are: De-personalize: While your family photos are beautiful and your kids’ drawings on the fridge are adorable, buyers want to be able to picture themselves in the house- and that means putting away your photos, clearing your closets from unnecessary clutter, and using matching hangers to give your closet more visual impact. Maximize: Declutter and ma ...

The B.C. government used its balanced budget Tuesday to address the high cost of real estate with tax incentives designed to spur housing construction and to address the controversy around foreign ownership. Finance Minister Mike de Jong noted his province may be alone among Canadian provinces to post a surplus this year. The $48-billion budget is based on “stable, steady but not spectacula ...

High quality, 1 bedroom plus den condo at the Avondale. This attractive ground floor unit comes with a spacious patio for outdoor entertaining, beautiful granite countertops, S/S appliances, 9 ft ceilings, in-floor hot water radiant heating and security system. The Avondale is conveniently located walking distance to all the amenities of Central Lonsdale. This complex is pet friendly and allo ...

Address List Price Sold Price Sold Date 4 225 W 17TH STREET $1,225,000 $1,222,500 1/18/2016 1616 MAHON AVENUE $1,638,000 $1,576,190 01/06/2016

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Address List Price Sold Price Sold Date 1605 138 E ESPLANADE $1,068,000 $1,068,000 1/13/2016 1 233 E 6TH STREET $1,098,000 $1,160,000 1/18/2016 PH1 683 W VICTORIA PARK $1,799,000 $1,800,000 01/10/2016

If he delivers as advertised, B.C. Finance Minister Mike de Jong’s next budget will offer relief for the rapidly increasing cost of real estate – a consuming issue in communities from Vancouver to Kelowna. Over the past week, politicians on both sides of the legislature have condemned “predatory practises” and “market manipulation” that may be driving the cost of a family home out of reach f ...